Anthropic has confidentially submitted a draft registration statement on Form S-1 to the SEC, putting the AI company on a path toward a potential public offering — and igniting what Wedbush analyst Dan Ives is calling a full-on race to Wall Street.

AVGO stock is moving.

See the chart and price action here.

The filing does not set a share count, does not constitute an offer to sell securities and depends on SEC review, market conditions and other factors.

But the move is significant: Anthropic is looking to get ahead of rival OpenAI, which is preparing its own confidential filing, even as SpaceX — which submitted its S-1 on May 20 — heads into its roadshow this week. ‘Opening of the Floodgates' "This represents an opening of the floodgates for the IPO market, which has been relatively dormant for a few years," Ives wrote, noting that all three companies are targeting public listings in 2026.